VMTurbo grabs $50 mln in ICONIQ-led round

▤ Summary

The community provides a platform for customers, external contributors and VMTurbo employees to engage on industry perspectives, questions and suggestions on the product and knowledge-sharing among community members · Awarded “Best of VMworld 2014” finalist in the category of virtualization management, chosen from over 200 nominees by judges from TechTarget · Receiving numerous other awards, such as: 2014 TechTrailblazer’s first place award in the virtualization category, named #26 in Forbes Magazine’s Most Promising Companies, CRN’s 2014 Emerging Vendors and the Bronze medal by Tech Target in their Storage Management category; VMTurbo has recently been named as a finalist in a number of upcoming awards · Expanding presence and thought leadership in IT community through the addition of technology evangelist Eric Wright, aka @discoposse, to the team · Hosted first annual Octurbofest in Boston, a day of cloud and virtualization thought leadership with VMTurbo customers, key business partners and industry leaders; VMTurbo is taking the event to the opposite coast in February 2015, with its First Annual Turbofest West in San Francisco Led by ICONIQ Capital, Bain Capital, Globespan Capital Partners, Highland Capital Partners and a number of strategic investors, VMTurbo has raised $50 million in Series D funding, bringing the company’s total funding to date to $77.5 million. VMTurbo’s Demand-Driven Control platform enables customers to manage cloud and enterprise virtualization environments to assure application performance while maximizing resource utilization. VMTurbo’s patented decision-engine technology dynamically analyzes demand from applications, containers, network and VDI and adjusts configuration, resource allocation and workload placement to meet service levels and business goals. With this unique understanding into the dynamic interaction of demand and supply, VMTurbo is the only technology capable of closing the loop in IT operation by automating the decision-making process to maintain an environment in a healthy state. The VMTurbo platform first launched in August 2010 and now has more than 25,000 users, including many of the world’s leading money center banks, financial institutions, social and e-commerce sites, carriers and service providers.

▦ Linked Companies

Turbonomic

$10M to $25M